Canaccord Genuity Maintains a 'Buy' on Gevo, Inc. (GEVO); Poised to Meet Luverne Milestones in Mid-2012
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Price: $1.54 +1.99%
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Gevo, Inc. (NASDAQ: GEVO) price target of $16.00.
Analyst, John Quealy, said, "We maintain our rating as Gevo appears poised to meet its milestones at Luverne in mid-2012. Importantly, EBITDA breakeven now looks to be feasible with just two plants. We find the opportunity compelling while acknowledging the speculative risk profile and ramping Butamax litigation (ongoing this week)...Our 2012 estimates go to $50M/$(2.23) from $58.2M/$(2.04), while 2013 resets to $172.3M/$(1.18). 2014 EPS goes to $0.85 (revenue intact)."
For an analyst ratings summary and ratings history on Gevo, Inc. click here. For more ratings news on Gevo, Inc. click here.
Shares of Gevo, Inc. closed at $8.92 yesterday.
Analyst, John Quealy, said, "We maintain our rating as Gevo appears poised to meet its milestones at Luverne in mid-2012. Importantly, EBITDA breakeven now looks to be feasible with just two plants. We find the opportunity compelling while acknowledging the speculative risk profile and ramping Butamax litigation (ongoing this week)...Our 2012 estimates go to $50M/$(2.23) from $58.2M/$(2.04), while 2013 resets to $172.3M/$(1.18). 2014 EPS goes to $0.85 (revenue intact)."
For an analyst ratings summary and ratings history on Gevo, Inc. click here. For more ratings news on Gevo, Inc. click here.
Shares of Gevo, Inc. closed at $8.92 yesterday.
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